W.F.C. (Willem) Verschoor

Willem Verschoor is a professor of finance and the director of the Department of Business Economics at the Erasmus School of Economics (ESE).

Professor Verschoor has done extensive research in the area of international finance and risk management and has published in leading scholarly journals including the Journal of Applied Econometrics, the Journal of Banking and Finance, the Journal of Business, the Journal of Economic Dynamics and Control, the Journal of Empirical Finance, and the Journal of International Money and Finance.

Before starting his academic career, he was chief economist at Kempen & Co in Amsterdam and at the National Investment Bank in the Hague.

Professor Verschoor is a member of the Supervisory Board of Optimix Investment Funds N.V., Amsterdam, an advisor capital management of Stichting Pension Fund Atos Origin in Utrecht, and a member of the advisory board for the Global Finance Forum in Switzerland. He is a research fellow of ERIM.

He teaches regularly in MBA and executive programs and serves as a consultant to various financial institutions and government agencies.

He received his PhD in international finance from Maastricht University in 1993.

• Articles (45)
  • Verschoor, W.F.C., Rubbaniy, G. & Lelyveld van, I.P.P. (2013). Home Bias and Dutch Pension Funds’ Investment behaviour. The European Journal of Finance.
  • Verschoor, W.F.C. & Zwinkels, R.C.J. (2013). Do Foreign Exchange Fund Managers Behave Like Heterogeneous Agents? Quantitative Finance.
  • Verschoor, W.F.C., Pronk, R. & Zwinkels, R.C.J. (2013). Carry Trade and Foreign Exchange Rate Puzzles. European Economic Review.
  • Jongen, R., Verschoor, W.F.C., Wolff, C.C.P. & Zwinkels, R.C.J. (2012). Explaining Dispersion in Foreign Exchange Expectations: A Heterogeneous Agent Approach. Journal of Economic Dynamics and Control, 36(5), 719-735.
  • Verschoor, W.F.C., Jongen, R. & Muller, A. (2012). Using Survey Data to Resolve the Exchange Risk Exposure Puzzle: Evidence from U.S. Multinational Firms. Journal of International Money and Finance, 31(2), 148-169.
  • Verschoor, W.F.C., Kemp, R.G.M., Van den Broek, S. & De Vries, A.C. (2012). Reputational Penalties to Firms in Antitrust Investigations. Journal of competition law & economics, 8, 231-258.
  • Verschoor, W.F.C., Van Ofwegen, R. & Zwinkels, R.C.J. (2012). The Effect of Credit Derivatives on Financial Sector Stability. In Applied Finance Letters (pp. 22-29).
  • Verschoor, W.F.C. (2012). De rol van "Home Bias" in het beleggingsgedrag van Nederlandse pensioenfondsen. In VBA Journal (pp. 33-36).
  • Verschoor, W.F.C., Jongen, R. & Wolff, C.C.P. (2011). Time-Variation in Term Premia: International Survey-Based Evidence. Journal of International Money and Finance, 30(4), 605-622.
  • Verschoor, W.F.C., Kleimeier, S. & Lehnert, T. (2011). Contagion or Interdependence: Does the Speed of the Transmission of Shocks Matter. In R.W. Kolb (ed.), Financial Contagion: The Viral Threat to the Wealth of Nations. New York: John Wiley & Sons.
  • Verschoor, W.F.C., Zwinkels, R.C.J. & Van Ofwegen, R. (2010). De invloed van kredietderivaten op financiële stabiliteit. Economisch-Statistische Berichten, 95(4596), 650-652.
  • Verschoor, W.F.C., Van den Broek, S., Kemp, R. & De Vries, A.C. (2010). Reputatieschade als handhavingsinstrument. Economisch-Statistische Berichten, 95(4579), 122-124.
  • Zwinkels, R.C.J., Verschoor, W.F.C. & De Jong, E. (2010). Heterogeneity of Agents and Exchange Rate Dynamics: Evidence from the EMS. Journal of International Money and Finance, 29(8), 1652-1669.
  • Verschoor, W.F.C. & Muller, A. (2009). The Effect of Exchange Rate Variability on U.S. Shareholder Wealth. Journal of Banking and Finance, 33(11), 1963-1972.
  • Verschoor, W.F.C., Zwinkels, R.C.J. & De Jong, E. (2009). Behavioral Heterogeneity and Shift-Contagion: Evidence from the Asian Crisis. Journal of Economic Dynamics and Control, 33(11), 1929-1944.
  • Zwinkels, R.C.J. & Verschoor, W.F.C. (2009). Een nieuwe prijsvorming op financiele markten. Economisch-Statistische Berichten, 94(4551), 26-28.
  • Zwinkels, R.C.J., Verschoor, W.F.C. & Frijns, B. (2009). De crisis in historisch perspectief. Economisch-Statistische Berichten, 94(4560), 298-300.
  • Zwinkels, R.C.J., Verschoor, W.F.C. & De Jong, E. (2009). A heterogeneous route to the European monetary system crisis. Applied Economics Letters, 16(9), 929-932.
  • Kleimeier, S., Lehnert, H. & Verschoor, W.F.C. (2008). Measuring financial contagion using time-aligned data: The importance of the speed of transmission of shocks. Oxford Bulletin of Economics and Statistics, 70(4), 493-508.
  • Verschoor, W.F.C., Jongen, R. & Wolff, C.C.P. (2008). Foreign Exchange Rate Expectations: Survey and Synthesis. Journal of Economic Surveys, 22(1), 140-165.
  • Verschoor, W.F.C. & Muller, A. (2008). The Latin-American Exchange Exposure of U.S. Multinationals. Journal of Multinational Financial Management, 2008(18), 112-130.
  • Verschoor, W.F.C. & Jongen, R. (2008). Further evidence on the rationality of interest rate expectations. Journal of International Financial Markets, Institutions and Money, 18(5), 438-448.
  • Verschoor, W.F.C., Straetmans, S. & Wolff, C.C.P. (2008). Extreme US stock market fluctuations in the wake of 9/11. Journal of Applied Econometrics, 23(1), 17-42.
  • Muller, A. & Verschoor, W.F.C. (2007). Trade and exposure of eastern European multinationals. Emerging Markets Review, 8, 218-229.
  • Muller, A. & Verschoor, W.F.C. (2007). Asian foreign exchange risk exposure. Journal of the Japanese and International Economies, 21, 16-37.
  • Muller, A. & Verschoor, W.F.C. (2007). The Asian crisis exchange risk exposure of U.S. multinationals. Managerial Finance, 33, 710-740.
  • Muller, A. & Verschoor, W.F.C. (2006). Foreign exchange risk exposure: Survey and suggestions. Journal of Multinational Financial Management, 16, 385-410.
  • Verschoor, W.F.C. & Muller, A. (2006). European foreign exchange risk exposure. European Financial Management, 12, 195-220.
  • Verschoor, W.F.C. & Muller, A. (2006). Asymmetric foreign exchange risk exposure: evidence from U.S. multinationals. Journal of Empirical Finance, 13, 495-518.
  • Verschoor, W.F.C., Candelon, B. & Hecq, A. (2005). Measuring common cyclical features during financial turmoil: evidence of interdependence not contagion. Journal of International Money and Finance, 24, 1317-1334.
  • Verschoor, W.F.C. & Jansen, P.F.G (2004). A Note on Transition Stock Return Behavior. Applied Economics Letters, 11(1), 11-13.
  • Verschoor, W.F.C. & de Groot, C. (2002). Further Evidence on Asian Stock Return Behavior. Emerging Markets Review, 3, 179-193.
  • Verschoor, W.F.C. & Wolff, C.C.P. (2002). Scandinavian Exchange Rate Expectations. Applied Economics Letters, 9, 111-116.
  • Verschoor, W.F.C., Wolff, C.C.P. & Nieuwland, F.G.M.C. (2001). Exchange Risk Premia in the European Monetary System. Applied Financial Economics, 10, 351-360.
  • Verschoor, W.F.C. & Wolff, C.C.P. (2001). Scandinavian Forward Discount Bias and Risk Premia. Economics Letters, 73, 65-72.
  • Verschoor, W.F.C. & Wolff, C.C.P. (2001). Exchange Risk Premia, Expectations Formation and News in the Mexican Peso / US Dollar Forward Exchange Rate Market. International Review of Financial Analysis, 10, 157-174.
  • Verschoor, W.F.C., Wolff, C.C.P., Koedijk, C.G. & Cavaglia, S. (1998). Interest Expectations and Exchange Rates News. Empirical Economics (Heidelberg), 23, 525-534.
  • Verschoor, W.F.C. (1998). Nederlands ondernemersvertrouwen in perspectief. Maandschrift Economie, 62, 150-158.
  • Verschoor, W.F.C., Wolff, C.C.P. & Nieuwland, F.G.M.C. (1998). EMS Exchange Rate Expectations and Time-Varying Risk Premia. Economics Letters, 60, 351-355.
  • Verschoor, W.F.C. & Mensink, N.W. (1997). Globalisering van de Nederlandse industrie. Economisch-Statistische Berichten.
  • Verschoor, W.F.C., Nieuwland, F.G.M.C. & Wolff, C.C.P. (1994). Stochastic Trends and Jumps in EMS Exchange Rates. Journal of International Money and Finance, 13, 699-727.
  • Verschoor, W.F.C., Wolff, C.C.P. & Cavaglia, S. (1994). On the Biasedness of Forward Foreign Exchange Rates: Irrationality or Risk Premia? The Journal of Business, 67, 321-343.
  • Verschoor, W.F.C. & Koedijk, C.G. (1994). Asian Interest Expectations and Exchange Rate Dynamics. Pacific-Basin Finance Journal, 4, 439-452.
  • Verschoor, W.F.C., Nieuwland, F.G.M.C. & Bauer, R.M. (1994). German Stock Market Dynamics. Empirical Economics (Heidelberg), 19, 397-418.
  • Verschoor, W.F.C. (1994). Voorspelfouten van EMS Termijnkoersen: Irrationaliteit of Risicopremies. VBA Journaal.

• Inaugural speech
  • Verschoor, W.F.C. (2002). Uit de koers? Over mythe en werkelijkheid (2002, oktober 18). Maastricht: Universitaire Pers Maastricht.

• Professional publications (2)
  • Verschoor, W.F.C. (26-07-2010). Negatieve publiciteit belangrijk bij karteltoezicht. Het Financieele Dagblad
  • Verschoor, W.F.C. (10-10-2008). De perverse prikkels voorbij. Het Financieele Dagblad